Commercial Satellite Imaging Market Development Trends - 2031 | At a CAGR of 11.3%
The ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐๐๐ญ๐๐ฅ๐ฅ๐ข๐ญ๐ ๐๐ฆ๐๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The global commercial satellite imaging market was valued at $3.3 billion in 2021, and is projected to reach $9.2 billion by 2031, growing at a CAGR of 11.3% from 2022 to 2031.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/1751
Satellite imaging offers geospatial products and services for most government agencies and defense authorities for security-related applications. With high image quality and precision, satellite imaging is a proven source of information for any government or defense authorities, which helps in maximizing security programs. In addition, the information extracted from satellite images helps the local governments to better assess real-life situations. This, in turn, contributes toward developing live-saving and property-protection programs and enhance the future economic stability of their respective communities.
Advantages such as precise mapping for mission planning, search, and rescue operations and rise in utilization of satellite imagery in government and defense sectors drive the growth of the global commercial satellite imaging market. Moreover, the introduction of new technologies such as electric propulsion technology, high-resolution cameras, advanced remote sensing technology, and others supplements the market. On the other hand, increase in usage of satellite data for development of smart cities and connected vehicles along with rise in implementation in commercial applications present new opportunities in the coming years.
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐
๐๐๐๐๐๐๐ ๐๐๐๐๐, ๐๐๐, ๐๐๐๐๐๐๐๐๐ ๐๐๐๐, ๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐, ๐๐๐๐๐๐๐๐๐๐ ๐ ๐๐๐๐๐, ๐๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐, ๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐, ๐๐๐๐๐๐๐๐๐, ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐, ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐๐๐ ๐.๐, ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐ญ๐ก๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/688312d0edf833cb7bf71453d55336ff
Based on end user, the government segment held the largest share in 2021, accounting for more than one-fifth of the global commercial satellite imaging market. However, the civil engineering and archaeology segment is expected to register the largest CAGR of 13.2% during the forecast period.
In addition, AI-based platforms offer insights into previously inaccessible factors such as social, industrial, and economic processes. In addition, Machine Learning (ML) algorithms are increasingly used to process daily satellite imagery to classify and detect objects, locate geographic and topographic features, and monitor minute changes over a span of time. Moreover, ML and AI automated algorithms can accurately detect various things visible on earth from the space such as cars in parking lots, crop yield, and geo-sensing in agricultural fields. Furthermore, an amalgamation of cloud computing with satellite imagery enables researchers to access imagery data from remote locations.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Based on region, North America contributed to the highest share in 2021, holding nearly two-fifths of the total market share, and is expected to continue its dominant share by 2031. However, Asia-Pacific is projected to portray the fastest CAGR of 12.9% during the forecast period.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/1751
Satellite images are used for urban management or planning and for smart city development. . Urban planners use satellite imagery datasets containing useful information regarding annotated objects data to understand settlement trends and ensure efficient infrastructure management. In addition, rise in use of remote sensing technology for zoning and city infrastructure modeling has helped in meeting increasing demands from city-based populations toward better management of sustainable urban development. In addition, growth in urban agglomeration and monitoring urbanization of adjoining areas to enable smart city planning and implementation is propelling satellite imagery adoption.
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐
By application, the geospatial data acquisition & mapping segment generated the highest revenue in 2021.
By end user, the government segment was the highest revenue contributor in 2021.
By region, North America contributed the highest revenue, followed by Europe, Asia-Pacific, and LAMEA in 2021.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Aerial Imaging Market - https://www.prnewswire.com/news-releases/aerial-imaging-market-to-reach-8-52-bn-globally-by-2030-at-14-2-cagr-allied-market-research-301467316.html
Aircraft Manufacturing Market - https://www.globenewswire.com/news-release/2023/04/14/2647226/0/en/Aircraft-Manufacturing-Market-to-Garner-476-4-Billion-by-2031-Allied-Market-Research.html
Aircraft Electrification Market - https://www.globenewswire.com/en/news-release/2023/05/05/2662272/0/en/Aircraft-Electrification-Market-Predicted-to-Reach-21-8-Billion-Globally-by-2032-at-13-5-CAGR-Allied-Market-Research.html
Electric Aircraft Market - https://www.prnewswire.com/news-releases/electric-aircraft-market-size-to-reach-23-5-billion-globally-by-2031-at-10-9-cagr-allied-market-research-301794157.html
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